To eradicate corrosion and create awareness about the effects of corrosion, Jindal Stainless signed a Memorandum of Understanding (MoU) with the Confederation of India Industry (CII) around CII’s National Mission on Corrosion Management.
Applauding this move, MD, Jindal Stainless, Abhyuday Jindal, said, “Corrosion affects all walks of our life; from the safety of infrastructure and loss of capital investment to contamination of ingestible and pollution precipitation. As per estimates, every year, corrosion costs India about 4% of its GDP. The maintenance and replacement of assets affected by corrosion are major deterrents to the growth of our economy. Since its inception, Jindal Stainless has been working towards this cause in various capacities, from sensitizing our stakeholders, fabricators, and other industries, to enhancing awareness across various legs of the government and key decision-makers. This partnership with CII is a natural alliance towards our core objective.”
U Kamachi Mudali Chairman, CII–Corrosion Management Committee, said, ‘’By applying corrosion-saving measures we can save corrosion-related losses, which in India amounts to Rs 3 lakh crore.”
Jindal Stainless will provide financial aid towards the initiative. Through academic collaborations, both parties will develop capacity-building courses and propel corrosion-related R&D.
